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Valuing Water Quality As a Functionof Water Quality Measures

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  • Egan, Kevin J.
  • Herriges, Joseph A.
  • Kling, Catherine L.
  • Downing, John A.

Abstract

This paper incorporates a rich set of physical water quality attributes, as well as site and household characteristics, into a model of recreational lake usage in Iowa. Our analysis shows individuals are responsive to physical water quality measures. Willingness-to-pay estimates are reported based on improvements in these measures.

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File URL: http://www.econ.iastate.edu/sites/default/files/publications/papers/paper_12210.pdf
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Bibliographic Info

Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12210.

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Date of creation: 25 Oct 2004
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Publication status: Published in American Journal of Agricultural Economics 2009, vol. 91, pp. 106-123
Handle: RePEc:isu:genres:12210

Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. von Haefen, Roger H., 2003. "Incorporating observed choice into the construction of welfare measures from random utility models," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 145-165, March.
  2. Phaneuf, Daniel J. & Kling, Catherine L. & Herriges, Joseph A., 2000. "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand," Staff General Research Papers, Iowa State University, Department of Economics 1355, Iowa State University, Department of Economics.
  3. Herriges, Joseph A. & Kling, Catherine L., 2003. "Recreation Demand Models," Staff General Research Papers, Iowa State University, Department of Economics 10211, Iowa State University, Department of Economics.
  4. George R. Parsons & Mary Jo Kealy, 1992. "Randomly Drawn Opportunity Sets in a Random Utility Model of Lake Recreation," Land Economics, University of Wisconsin Press, vol. 68(1), pages 93-106.
  5. David Revelt & Kenneth Train, 1998. "Mixed Logit With Repeated Choices: Households' Choices Of Appliance Efficiency Level," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 647-657, November.
  6. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
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Cited by:
  1. Bernal García, Juan Jesús & Martínez Maria-Dolores, Soledad María & Sánchez García, Juan Francisco, 2006. "Study of the potentiality of the electronic commerce in the Region of Murcia by means of a model of logistic regression/Estudio de la Potencialidad del Comercio Electrónico en la Región de Murcia me," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 24, pages 499-529, Abril.
  2. Yongsik Jeon & Joseph Herriges, 2010. "Convergent Validity of Contingent Behavior Responses in Models of Recreation Demand," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 45(2), pages 223-250, February.
  3. Lankia, Tuija & Huhtala, Anni, 2011. "Valuation of Trips to Second Homes in the Country: Do Environmental Attributes Matter?," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland, European Association of Agricultural Economists 114405, European Association of Agricultural Economists.
  4. Yongjie Ji & Joseph A. Herriges & Catherine L. Kling, 2013. "Modeling Recreation Demand when the Access Point is Unknown," Center for Agricultural and Rural Development (CARD) Publications 13-wp540, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  5. Abidoye, Babatunde & Herriges, Joseph A., 2010. "Model Uncertainty in Characterizing Recreation Demand," Staff General Research Papers, Iowa State University, Department of Economics 32028, Iowa State University, Department of Economics.
  6. Smirnov, Oleg A. & Egan, Kevin J., 2012. "Spatial random utility model with an application to recreation demand," Economic Modelling, Elsevier, Elsevier, vol. 29(1), pages 72-78.
  7. Kinell, Gerda & Söderqvist, Tore & Elmgren, Ragnar & Walve, Jacob & Franzén, Frida, 2012. "Cost-Benefit Analysis in a Framework of Stakeholder Involvement and Integrated Coastal Zone Modeling," CERE Working Papers 2012:1, CERE - the Center for Environmental and Resource Economics.
  8. Khatri-Chhetri, Arun & Collins, Alan R., 2011. "Estimation of a Surface Water Quality Valuation Index for the Appalachian Region," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania, Agricultural and Applied Economics Association 103653, Agricultural and Applied Economics Association.
  9. Kuwayama, Yusuke & Olmstead, Sheila & Krupnick, Alan, 2013. "Water Resoures and Unconventional Fossil Fuel Development: Linking Physical Impacts to Social Costs," Discussion Papers, Resources For the Future dp-13-34, Resources For the Future.
  10. Jeon, Yongsik & Herriges, Joseph A. & Kling, Catherine L. & Downing, John A., 2005. "The Role of Water Quality Perceptions in Modeling Lake Recreation Demand," Staff General Research Papers, Iowa State University, Department of Economics 12474, Iowa State University, Department of Economics.
  11. Kosenius, Anna-Kaisa, 2010. "Heterogeneous preferences for water quality attributes: The Case of eutrophication in the Gulf of Finland, the Baltic Sea," Ecological Economics, Elsevier, Elsevier, vol. 69(3), pages 528-538, January.
  12. Azevedo, C.D. & Crooker, J.R. & Pattiz, B., 2012. "Bid Imprecision As A Source Of Hypothetical Bias In Contingent Valuation Estimation: Analysis Of A Survey Of Respondent’S Attitudes For The Battle Of Lexington State Historic Site (Shs)," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, Euro-American Association of Economic Development, vol. 12(2).
  13. Newbold, Stephen C. & Massey, D. Matthew, 2010. "Recreation demand estimation and valuation in spatially connected systems," Resource and Energy Economics, Elsevier, Elsevier, vol. 32(2), pages 222-240, April.
  14. Babatunde O. Abidoye & Joseph A. Herriges & Justin L. Tobias, 2012. "Controlling for Observed and Unobserved Site Characteristics in RUM Models of Recreation Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 94(5), pages 1070-1093.
  15. Boyd, James & Krupnick, Alan, 2009. "The Definition and Choice of Environmental Commodities for Nonmarket Valuation," Discussion Papers, Resources For the Future dp-09-35, Resources For the Future.
  16. Van Houtven, George & Mansfield, Carol & Phaneuf, Daniel J. & von Haefen, Roger & Milstead, Bryan & Kenney, Melissa A. & Reckhow, Kenneth H., 2014. "Combining expert elicitation and stated preference methods to value ecosystem services from improved lake water quality," Ecological Economics, Elsevier, Elsevier, vol. 99(C), pages 40-52.
  17. Ge, Jiaqi & Kling, Catherine L. & Herriges, Joseph A., 2013. "How Much is Clean Water Worth? Valuing Water Quality Improvement Using A Meta Analysis," Staff General Research Papers, Iowa State University, Department of Economics 36597, Iowa State University, Department of Economics.
  18. Hoque, Mohammad Mainul & Kling, Catherine L. & Herriges, Joseph A., 2013. "Is Outdoor Recreation Recession-proof? An Empirical Investigation on Iowan’s Lake Recreation Behavior During 2009 Recession," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association 150640, Agricultural and Applied Economics Association.
  19. Mkwara, Lena Asimenye & Marsh, Dan, 2011. "Valuing Trout Angling Benefits of Water Quality Improvements while Accounting for Unobserved Lake Characteristics: An Application to the Rotorua Lakes," 2011 Conference, August 25-26, 2011, Nelson, New Zealand, New Zealand Agricultural and Resource Economics Society 115514, New Zealand Agricultural and Resource Economics Society.

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